Facing setbacks in the US market, its largest export destination, India’s seafood industry is charting a new course to achieve its ambitious target of $14 billion in exports by 2025. The industry is exploring alternative strategies that involve diversifying export markets, focusing on value-added products, and leveraging free trade agreements (FTAs) to expand its global reach.
In a significant development, Qatar has lifted its temporary ban on the import of frozen seafood from India, opening doors for increased exports and strengthened bilateral ties between the two nations. This decision comes as a welcome relief for Indian seafood exporters, who have been working tirelessly to resolve the issue since it was imposed in November 2022.
In a significant development that will provide a much-needed boost to India’s seafood exports, China has lifted the suspension of shipments from 99 Indian seafood processing and exporting units. This decision comes as a result of India’s assurances over source control measures and the sustained efforts of the Marine Products Export Development Authority (MPEDA).
seafoodofindia.com
